P a n i c ! ! !! - Contractor UK Bulletin Board

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d000hg replied

6 May 2010, 22:33
I saw none of this on the news today... what's going on? £ down below $1.50... ALL my company funds are in $US right now. Not sure it's a good idea to be playing the 4X market with my company £/$ accounts though?
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SantaClaus replied

6 May 2010, 22:17
Originally posted by AtW View Post

Trader error reported: apparently typed billion instead of million.

What this shows (apart from general incompetence of traders) is that single market can be massively shifted by a very small number of participants.

CNBC who are politically motivated would have you believe its a trading error

Quote from Ashraf Laidi, Analyst: "NYSE EURONEXT CEO does NOT think that one bank traded wrong number of shares.".
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MarillionFan replied

6 May 2010, 20:42
Originally posted by NickFitz View Post

BBC

We can all link other peoples websites Nick!
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HairyArsedBloke replied

6 May 2010, 20:42
Originally posted by MarillionFan View Post

WHAT THE F-CK IS THAT!!!!

DOW Jones

Meanwhile biggest spike was for Barclays Bank(US) Stock

Looks like Barclays just shorted the US Market!!!

Is that the Barclays from the mirror universe?

In ours it looks like
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TimberWolf replied

6 May 2010, 20:41
Originally posted by AtW View Post

Trader error reported: apparently typed billion instead of million.

What this shows (apart from general incompetence of traders) is that single market can be massively shifted by a very small number of participants.

"I think the machines just took over," said Charlie Smith, chief investment officer at Fort Pitt Capital Group.
BBC News - US markets plunge on continuing Greek debt concerns
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AtW replied

6 May 2010, 20:39
Trader error reported: apparently typed billion instead of million.

What this shows (apart from general incompetence of traders) is that single market can be massively shifted by a very small number of participants.
Leave a comment:
NickFitz replied

6 May 2010, 20:33
Originally posted by SuperZ View Post

Nice charts there MF.

BBC
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SizeZero replied

6 May 2010, 20:31
Looks like Barclays just shorted the US Market!!!

Barclays just got richer? A good day for the Saudi-loan-merchants then (means bugger all to the Brits, but don't let that put a dampener on things)
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SuperZ replied

6 May 2010, 20:30
Nice charts there MF. Nice panic and recovery too, all in the space of a day. BIg bucks for the day traders with big b*lls . I bet a load of numpties sold near the bottom.

I'm pi**ed with yahoo. I monitor the markets on an end of day basis and whenever there is some good market action, yahoo(free data) fails to provide the market data around the same time. In this case yesterdays data is missing for UK markets

Last edited by SuperZ; 6 May 2010, 20:36.
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vetran replied

6 May 2010, 19:35
lots of money made.

They have a taste for it now and no one went to jail so its open season.
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MarillionFan replied

6 May 2010, 19:33
WHAT THE F-CK IS THAT!!!!

DOW Jones

Meanwhile biggest spike was for Barclays Bank(US) Stock

Looks like Barclays just shorted the US Market!!!

Last edited by MarillionFan; 6 May 2010, 19:53.
Leave a comment:
SantaClaus replied

6 May 2010, 19:29
Originally posted by AtW View Post

My cable modem is going to be down??!!?

CNBC trying to explain the crash away with "fat finger error". Another reason is that automated trading has caused a "snowball" effect.
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AtW replied

6 May 2010, 19:20
Originally posted by SantaClaus View Post

Big big crash, euro, cable, Dow.

My cable modem is going to be down??!!?
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SantaClaus replied

6 May 2010, 19:14
So my prediction was 6 months late

Big big crash, euro, cable, Dow.

CNBC commentators will have a heart attack if the dont calm down!
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HairyArsedBloke replied

6 May 2010, 19:12
Phew!

I have never seen that in all my years. Dow off 1000 points in moments. Each few sec was 100 point movement. The Algo's went mental.
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